Mn Services Vermogensbeheer B.V. Buys 10,100 Shares of Micron Technology, Inc. (NASDAQ:MU)

Mn Services Vermogensbeheer B.V. raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 436,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Micron Technology were worth $36,694,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Swedbank AB boosted its position in Micron Technology by 30.4% during the third quarter. Swedbank AB now owns 3,455,819 shares of the semiconductor manufacturer’s stock worth $358,403,000 after purchasing an additional 806,639 shares in the last quarter. Allworth Financial LP lifted its holdings in Micron Technology by 14.7% during the 3rd quarter. Allworth Financial LP now owns 6,784 shares of the semiconductor manufacturer’s stock worth $704,000 after buying an additional 872 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Micron Technology by 12.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,865 shares of the semiconductor manufacturer’s stock worth $297,000 after purchasing an additional 315 shares in the last quarter. Integrated Advisors Network LLC increased its position in Micron Technology by 116.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 22,732 shares of the semiconductor manufacturer’s stock valued at $2,358,000 after acquiring an additional 12,209 shares during the period. Finally, MONECO Advisors LLC increased its position in Micron Technology by 3.9% during the 3rd quarter. MONECO Advisors LLC now owns 4,909 shares of the semiconductor manufacturer’s stock worth $509,000 after purchasing an additional 183 shares during the period. 80.84% of the stock is owned by institutional investors.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $85.21, for a total transaction of $416,676.90. Following the sale, the executive vice president now owns 181,223 shares in the company, valued at approximately $15,442,011.83. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MU. Robert W. Baird cut their price target on Micron Technology from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group reduced their price target on shares of Micron Technology from $145.00 to $128.00 and set a “buy” rating for the company in a report on Thursday, December 19th. TD Cowen decreased their price objective on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Morgan Stanley cut their target price on shares of Micron Technology from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus reduced their price target on shares of Micron Technology from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and an average target price of $134.96.

Micron Technology Trading Up 4.8 %

NASDAQ MU opened at $97.71 on Thursday. Micron Technology, Inc. has a 12 month low of $83.54 and a 12 month high of $157.54. The firm has a market capitalization of $108.87 billion, a P/E ratio of 28.16 and a beta of 1.18. The business has a fifty day simple moving average of $95.59 and a 200 day simple moving average of $98.92. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.19. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the firm earned ($0.95) EPS. The business’s quarterly revenue was up 84.3% on a year-over-year basis. On average, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, December 30th. Micron Technology’s payout ratio is 13.26%.

Micron Technology Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.